BTC - Bull market cycles appear to be lasting longer and longer
Something very interesting was pointed out the other day...
Bitcoin bull markets have been lasting longer and longer.
Since 2010, each bull market has been longer than the previous one.
We don't have a large sample size to go off of really, but it is interesting to take note of...
Look at how each bull market is longer than the previous one:
(Source: https://twitter.com/Josh_Rager/status/1134458358814203904)
Cool, so what can we learn from this?
Well, if this pattern/trend were to continue we might expect this current bull market to last longer than 840 days.
We are currently 188 days into the current bull market.
Which means...
We are likely not even 25% of the way through the current bull market.
That should help give you some perspective if you are worrying this recent surge might be the big one...
According to past trends, it's not even close.
Buy the dips.
Stay informed my friends.
-Doc
Good
Posted using Partiko Android
My thoughts exactly.
Longer or not, the price target remains the same... To me, BTC will easily reach $40K!!
I think you may be right. That is less than 4X from current levels now. Doesn't seem unreasonable at all.
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Thanks.
Just the facts! Okay, I didn't sell my 0.05 BTC! Buying them for 10,000)
Nice done!
What prices are you holding for?
I sold yesterday for $12,900
Nice, so you didn't ride it down?